Wheat has dropped to around $7.80, Corn to around the $5.80, and Soybeans to around $13.75. Rice has pulled back quite a bit as well.
Sugar was down, then back up to around .14c. Cotton and Coffee were down as well.
Oil prices have dropped sharply to around $124 from the peak of $147 in mid-July. Heating Oil/Diesel also pulled back sharply along with Natural Gas. This could be the beginning of a big correction in energy prices, with Oil possibly going back to the $110-$115 area.
Bonds
The 10 yr Note and the 30 yr Bond have been both up and down this month with a lot of uncertainty in the markets.
Currencies
The US Dollar Index has been rising since the Financial stocks seemed to hit a bottom on July 15th. The Euro started pulling back from the $1.60 top. Likewise for the British Pound after hitting $2.00. The Yen is also showing weakness; same with the Canadian Dollar.
Stocks have been rising a bit after the Financial stocks seemed to hit a bottom on July 15th. See my Stock Market Blog for more details.
Note: Charts are 'live' so comments above refer to the appropriate time on the chart.
News Stories:
Oil Market BreakDown!
CRB - Commodities Ring Bearish
Second Worst Month For Commodities Ever!
Grain Outlook: The Summer Price Slide
Corn tumbles to more than seven-week low
Corn, soybeans fall by maximum as crude tumbles
